Nvidia reported quarterly results that beat Wall Street expectations, citing sustained demand for its high-end AI chips and an accelerating buildout of AI infrastructure. The company said it earned $58.32 billion, or $2.39 per share, in the February-April period, compared with $18.78 billion, or 76 cents per share, a year earlier. Revenue rose 85% to $81.62 billion from $44.01 billion.
Analysts expected earnings of $1.75 per share and revenue of $78.91 billion, according to a FactSet poll referenced in the report. Nvidia also highlighted profitability excluding one-time items, saying it earned $1.76 per share without those items.
CEO Jensen Huang tied the quarter’s performance to what he described as rapid expansion of AI computing capacity. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” Huang said in a company statement.
Along with the gain in profit and revenue, Nvidia reported that operating expenses rose by 49% to $7.75 billion, a detail that can matter for investors watching whether growth remains profitable as the company ramps spending. For the current quarter, Nvidia forecast revenue of about $91 billion, while analysts were forecasting $87.29 billion, also cited in the report.
Even with the beat and a forecast above analyst expectations, the story notes that some investors remained focused on whether demand could cool after a prolonged surge in Nvidia’s valuation. The report said Nvidia’s market value had grown from $400 billion at the end of 2022 to $5.4 trillion as of Wednesday.
Trading reaction after the results was mixed. The report said shares of the Santa Clara, California-based company dipped slightly after-hours to $222.12 after closing regular trading at $223.47.
David Wagner, head of equity and portfolio manager at Aptus Capital Advisors, said Nvidia “obliterates expectations and consensus” based on its history, but added that “the market doesn’t always act as you would expect after a strong report like this one.”
Nvidia also laid out ways it plans to return money to shareholders. The report said the company authorized a plan to buy back $80 billion worth of stock and increased its quarterly cash dividend to 25 cents per share from 1 cent.
The company’s results continued to reinforce how central AI-chip demand has become to its quarterly performance, with earnings and revenue moving faster than analyst forecasts as data centers expand their computing capacity.
Verified figures (context): Some investors track broader market conditions alongside company-specific results. For this article’s May 20, 2026 vintage, the NASDAQ Composite Index stood at 26,270.36, while the prime-age (25-54) employment-population ratio was 80.7.